Fraud

Highlights: Eugene Austin Jr. led a $12M crypto scam scheme with his son, targeting 24+ victims. They offered fake investment opportunities and spent the money on luxury. The court ordered $12.6M in restitution and seized a Jaguar SUV. A cryptocurrency […]

Highlights: Braiscompany raised R$1.11 billion from 20,000 investors through fake crypto promises. Joel Ferreira received a 128-year sentence for operating a pyramid scheme. The court seized R$36 million from those convicted in the Braiscompany case. A federal court in Brazil […]

Highlights: Debiex used fake romantic relationships to lure victims into fraudulent crypto investments. A US judge ordered Debiex to return $2.26M and pay a $221,500 penalty. Debiex’s “money mule” must transfer 63 ETH and USDT to a victim. Debiex has […]

Highlights: Thomas John Sfraga embezzled over $2 million from investors through fake real estate and cryptocurrency projects. His lies credited to Seinfeld’s fictional company where Sfraga used the name “Vandelay Contracting” to defraud his victims. The court sentenced him to […]

Highlights: Two California men defrauded investors of over $22M in a major NFT fraud scheme. The accused abandoned multiple projects after collecting funds from investors. If convicted of wire fraud and harassment, they could face up to 60 years in […]

Highlights: 50 Cent’s X account was hacked to promote a fraudulent cryptocurrency called GUNIT. The hack led to a memecoin rug pull, causing investors to lose over $300 million. The token’s price spiked and crashed within 24 hours, revealing the […]

Highlights: NY Attorney General recovered $50 million for over 230,000 defrauded investors from Gemini’s Earn program. The settlement prohibits Gemini from operating any crypto lending programs in New York to protect investors. Gemini must also assist with ongoing litigation against […]

Highlights: Terraform Labs and Do Kwon agree to pay $4.47 billion to the SEC in a fraud settlement. The settlement permanently bans Terraform Labs and Kwon from trading crypto asset securities. Kwon must transfer $204.3 million to the Terraform bankruptcy […]

Highlights: Ilit Raz charged by the SEC with defrauding investors, falsely inflating Joonko’s revenue and customer base. Legal proceedings against Raz include SEC charges and a criminal case by the U.S. Attorney’s Office. Erica Y. Williams continues as PCAOB Chair, […]

New York Attorney General Letitia James has initiated a lawsuit against Cynthia Petion, Eddy Petion, and others for running a complex series of cryptocurrency pyramid schemes allegedly defrauding many investors, including over 11,000 New Yorkers. Primarily targeting individuals of Haitian […]

Highlights: Investors Chan Wing-yan and Herbert Lam filed a civil lawsuit against JPEX for over HK$1.85 million. The plaintiffs discovered their assets were transferred to unknown wallets shortly after deposit. The police reported 73 arrests related to the JPEX scandal, […]